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CAN I RETIRE YET?

The next 5 minutes can literally save the next 30 years of your life!

Take the RetireQ℠ retirement readiness quiz and find out if you're truly ready and able to retire!

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I've packed the basics you must be familiar with into the RetireQ℠ quiz. Taxes, long term care, investing, insurance and estate planning are all right here. Get an "A" and chances are high you're well on your way to a both a memorable and purposeful retirement!

See if you've got what it takes to tell "the man" you're golfing next week and never coming back!
Long-term Care - The median annual nursing-home cost for a semi-private room in 2017 was roughly:*
- $116,000
- $86,000
- $51,500
- $23,500
IRA Distributions - The "required beginning date" of your first required minimum distribution from an IRA is:*
- April 15th of the year in which I turn age 70
- April 15th of the year I turn age 71
- December 31st of the year in which I turn age 72
- April 1st of the year after I turn age 72 and 1/2
IRA Required Minimum Distributions (RMD) - Assuming your spouse is NOT more than 10 years younger than you and your sole IRA beneficiary, which of the following statements is true?*
- Your RMD is based on your age, distribution period, and your prior year's 12/31 value
- Your RMD is based on the prior year's April 15th value
- Your RMD is based on you and your spouses joint life expectancy
- Your RMD must be taken from separately from each IRA you have
Social Security - Approximately how much per year does your Social Security benefit grow past your full retirement age if you delay claiming it?*
- 8%
- 5%
- 2%
- 11%
Social Security - If you make a mistake when claiming your Social Security you can withdraw your application and pay back all benefits received within:*
- 30 days
- 180 days
- 2 years
- 12 months

Reverse Mortgages - With a home equity conversion mortgage, the only way the bank can take your house is:*
- You fail to maintain the property structurally
- You fail to maintain insurance on the property
- You fail to pay your property taxes
- All of the above
Reverse Mortgage - It's possible through a home equity conversion mortgage to actually withdraw more money than my property is worth. True or False?*
- True
- False
Medicare - Standard Medicare Part B premiums cost roughly ________ per month*
- $ 135
- $ 153
- $ 65
- $ 37
Life Insurance - Assuming you no longer need life insurance, you can sell a whole life insurance policy but cannot sell a term life insurance policy. True or False?*
- False
- True
Roth IRA's - The required beginning date for required minimum distributions from a Roth IRA is:*
- April 1st of the year after I turn age 72 and 1/2
- April 15th of the year I turn age 71
- December 31st of the year I turn age 70
- Never

IRA/Roth IRA's - The income limitation for converting on IRA to a Roth IRA is:*
- $100,000 adjusted gross income for a single filer, $185,000 for married filing joint
- No income limits
- $185,000 adjusted gross income for a single filer, $255,000 for married filing joint
- You can’t convert an IRA to a Roth IRA
Investing - From 1926 through 2018 there have been __________ bear markets with a drop of at least 20%:*
- 8
- 14
- 5
- 21
Investing - On average a bear market lasts about _________ months:*
- 23
- 19
- 14
- 6
Investing - The biggest financial risk(s) a retiree may face during their lifetime are:*
- Late in life healthcare needs
- Inflation
- Sequence of returns risk
- All of the above
Investing - Since 1988 the stock market's average return has been ___________ per year, while the average stock investor earned _________ per year.*
- 10%, 4%
- 8%, 9%
- 9%, 12%
- 12%, 10%

Retirement Distribution Strategies - Conventional wisdom says you should draw your portfolios down in the following order:*
- Taxable accounts, Roth IRA’s, IRA’s
- Roth IRA’s, taxable accounts, IRA’s
- Taxable accounts, IRA’s, Roth IRA’s
- IRA’s, taxable accounts, Roth IRA’s
Retirement General - The law which allows a homeowner to protect the value of their home (up to applicable limits) from creditors is called the:*
- Home Creditor Bypass law
- Homestead Exemption law
- Principal Residence Protection law
- Proper Equity Law
Retirement General - A 60 year old non-smoker couple in good health with average family lifespans has about a 50% chance that either spouse will live until age*
- 83
- 93
- 99
- 86
Financial Advisors - Approximately what percentage of financial advisors are "fiduciary" financial advisors and legally obligated to act in your best interests?*
- 60%
- 10%
- 100%, all financial advisors must act as a fiduciary
- 0%, the fiduciary rule was rescinded
Workplace Retirement Plan (401k) - Generally speaking, I can avoid the 10% penalty for early distributions prior to age 59 and 1/2 from a workplace retirement plan where I've separated from services:*
- After age 55 in one lump sum only prior to age 59 and 1/2
- After age 55 if I roll the plan into an IRA
- At age 55 from the 401k directly
- After age 57 for a maximum of two years under rule 72(t)(substantially equal periodic payments)

Hi! Greg here. Are you ready for your score? Enter your information below and I'll email you the full report PLUS the answer key AND reference materials. You'll also get my FREE RETIREMENT TOOLKIT on the next page!
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